Reuters
29 May 2026, 01:16 UTC · 18h ago
Source · https://www.reuters.com/business/energy/oil-falls-slightly-reports-potential-us-iran-ceasefire-deal-2026-05-29/
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There are hopes for a potential deal to extend a U.S.-Iran ceasefire. — A ceasefire reduces geopolitical risk premiums and the likelihood of supply disruptions, putting downward pressure on oil prices.
-0.40Vice President JD Vance stated that a deal is close but not yet finalized. — The fact that a deal is not yet signed maintains a level of uncertainty and risk, preventing a more significant price drop.
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